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posted by Fnord666 on Thursday August 27 2020, @03:58AM   Printer-friendly
from the stressed-out dept.

Student debt may hurt chances at full-time employment:

A recently published study led by The University of Texas at Arlington says that student debt may hurt students' chances of securing full-time employment due to added pressure in their job search.

[...] The researchers say that having student loan debt is a financial stressor to students that leads to additional stress during their job search, which in turn can harm their chances of securing a full-time job.

"Student loan debt creates an anticipated loss of financial resources, which brings higher levels of stress to student job-seekers," said Froidevaux, who is a fellow of the Eunice and James L. West Distinguished Professorship. Her research interests include career transitions, retirement and aging in the workplace, and identity negotiation.

The more financially strained individuals are, the less likely they are to have sufficient energy and motivation to invest in their search for a successful job placement, she said. Results from the study also suggest that students who are more stressed about their student loans were likelier to work more hours in part-time jobs. This stress in searching for a job reduced the likelihood of securing full-time employment upon graduation from college. The research team used data from 1,248 graduating seniors from four different American universities.

The current level of student loan debt in the USA is $1.6 trillion, above credit card debt and auto loans, and second only to mortgage debt.

Journal Reference:
Ariane Froidevaux et al, Is student loan debt good or bad for full-time employment upon graduation from college?, Journal of Applied Psychology (2020). DOI: 10.1037/apl0000487


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  • (Score: 0) by Anonymous Coward on Thursday August 27 2020, @01:11PM (4 children)

    by Anonymous Coward on Thursday August 27 2020, @01:11PM (#1042651)

    So what is making education costs rise faster than inflation?

  • (Score: 2) by https on Thursday August 27 2020, @01:37PM (2 children)

    by https (5248) on Thursday August 27 2020, @01:37PM (#1042666) Journal

    Ineffective framing of the question, better is, "What is making inflation rise faster than wages?".

    --
    Offended and laughing about it.
    • (Score: 3, Insightful) by Immerman on Thursday August 27 2020, @02:12PM

      by Immerman (3985) on Thursday August 27 2020, @02:12PM (#1042678)

      Reduced corporate taxes is one - used to be those upper tax brackets were vicious, climbing to 90% for the top bracket. Strong incentive to invest in growth and employee satisfaction when the alternative is pocketing only $0.10 on the dollar.

      Productivity continues to climb at much the same rate as ever, while median wages have stagnated for decades.

    • (Score: 1) by khallow on Thursday August 27 2020, @06:20PM

      by khallow (3766) Subscriber Badge on Thursday August 27 2020, @06:20PM (#1042815) Journal
      Is inflation rising faster than wages? I guess it is now due to the covid recession, but it's been rising for at least a couple of decades prior. That's not counting benefits BTW.
  • (Score: 0) by Anonymous Coward on Thursday August 27 2020, @02:15PM

    by Anonymous Coward on Thursday August 27 2020, @02:15PM (#1042680)

    An increase in demand, faster than the supply of university positions can be increased.

    Everyone in the US has to go to college now. Job positions that make no use of any degree, but the employer demands one anyway. Students with average or below-average intelligence who, in the past, would have had no business going to college. Now they have to stumble through it just to work at walmart.